Tough years for Chinese stocks. Burned hands if we have buy the stocks.
$BABA-SW(09988.HK)$ USA Biden do not have the space to weaken it positions on china due to next year election.
Two big giants fighting and further strength on it territories with different approaches. Causing confusion n unstable environment for the market.
CCP strengthen control big giant like tencent, Alibaba and etc like state owned companies.
Fined, terminated cooperation, national security, common prosperity fund, delisting and etc.
E-commerce affected the traditional businesses as it can reach unlimited. Businesses have raise their voices to CCP and tencent have acknowledged it n announcement give out it stakes of JD as dividend to Tencent stock holders.
Hope that china and USA will recover to ordinary trading partners soon. Harmony matters for the market.
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